Now my investor network as expanded and the best split I have experienced was 65/35 in my favor but I invested 40% of the cash and created over a million in imputed equity before any investor dollar was raised allowing me to originate a bank loan at 87% LTC.

The 1% rule is an old metric.

As @JonathanGreene said, tech has created an environment that allows folks like you Jon, to enjoy investing on your terms so that you do not put all of your eggs into one basket (so-to-speak).

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

What ever you're doing to find/buy/create deals is working.

My father-in-law is also considering creating an HOA and selling each unit as a condo for $350k which would be $2.1M.

She prepares all the numbers for me to review and then we discuss issues within the business, create an action plan around them and wrap up.

Thus a DIL executed prior to default creates title insurance issues as you can't satisfy the underwriters' checklist -- prior default, comparison of value vs. amount owed, a negotiated DIL agreement, etc. 

Caveat Emptor is the rule of the day in these tax and foreclosure auctions.PS there is generally no do overs LOL

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.